The dollar broke through the 200 day moving average last week as the Euro fell through the floor.
Unless there is some unexpected news out of Europe, I believe that the next leg down in the bear market is in progress.
I will be largely in cash for the foreseeable future. In terms of investments the only “safe” harbors are dollars, treasury bonds, or bear market index funds. Gold may continue to ride high for a while, but when the liquidation phase of the bear market happens it will get whacked as well.
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